EFFECTIVE TAX RATES AND TOBIN-Q
成果类型：
Article
署名作者：
IWAMOTO, Y
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(92)90028-E
发表日期：
1992
页码：
225-237
关键词：
摘要：
This paper clarifies the relation between the average and marginal effective tax rates using the notion of the change in Tobin's average q. The equation connecting the effective rates shows that corporate taxation can be represented by a mixture of two extreme tax rules; one being a distorting pure corporate tax and the other a nondistorting cash flow tax. The paper proposes new measures representing this feature.
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